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648 Scotts Creek Rd, Statesville, NC 28625

3 beds • 2 baths • 2900 sqft

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This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $73,878 initial cash invested.

-10.49%

Cash On Cash

4.02%

Cap Rate

0.68

DSCR

$1,771

Rent

-$646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,878

Downpayment

20%

$70,360

Closing costs

1%

$3,518

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,771

Total Expenses

$2,417

Mortgage P&I

98%

$1,736

Property Taxes

5%

$94

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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